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Industry Veteran Cany Jobe Appointed Director General (DG) of Gambia Petroleum Commission

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Gambian President Adama Barrow has appointed Cany Jobe as the new Director General of The Gambia Petroleum Commission, marking a significant milestone in the country’s efforts to advance its oil and gas sector. The appointment comes as The Gambia accelerates regulatory reform and acreage promotion to position itself as one of West Africa’s most attractive frontier exploration destinations.Representing the voice of the African energy sector, the African Energy Chamber (AEC) welcomes the appointment of Cany Jobe as Director General, recognizing it as a vital step toward transforming The Gambia’s global investment profile. The Chamber believes Jobe will serve as the chief promoter of the country’s oil and gas sector, tasked with attracting international investment and positioning The Gambia as a world-class destination for upstream capital.

Jobe joins the Petroleum Commission with close to 18 years of international experience across the oil and gas value chain. She holds a Masters in Engineering from the University of Western Australia and a Masters in International Project Management from Glasgow Caledonian University. Prior to her appointment, she served as Director of Exploration & Production at the Gambia National Petroleum Corporation, where she was instrumental in upstream strategy development, data management and engagement with prospective investors. She has also held positions with regional and international institutions across Asia, Australia, West Africa and America, including roles with China Petroleum Corporation, Venezuela’s PDVSA and ECOWAS Commission as a national consultant. Now, with Jobe at the helm of the Petroleum Commission, The Gambia is signaling its readiness to compete for global exploration capital and take its place among West Africa’s next generation of oil and gas producers.

Her appointment comes at a pivotal moment in The Gambia’s energy development. Situated in the heart of the MSGBC basin, the country has a unique set of competitive advantages that make it a highly-attractive destination for frontier exploration and investment. These include attractive acreage, growing data coverage, strong geology as well as improving regulation. Despite these advantages, the country has yet to make a commercial oil discovery. The Gambia’s challenges with advancing exploration and development have had little to do with resources and more to do with investment. But recent moves promise to turn this trend around.

Cany Jobe has taken on the big issues when it comes to The Gambia and Africa’s right to produce its oil and gas

“Cany Jobe has taken on the big issues when it comes to The Gambia and Africa’s right to produce its oil and gas,” says NJ Ayuk, Executive Chairman, AEC, adding that she has stood up for her country and worked hard globally to advance the oil and gas industry believes in.

“I am confident she is going to work with the industry to attract investors to the country but also create an enabling environment for investors. I urge the international oil industry to support this strong ally by investing big in the country’s oil and gas industry,” he notes.

Under efforts to unlock the potential of its offshore acreage, The Gambia is actively opening its upstream sector to global exploration companies. The country currently has more than eight offshore blocks and two onshore blocks available for investment, positioning it as one of the most accessible frontier markets in West Africa. Approximately 80% of offshore seismic and geological data has already been acquired, significantly reducing exploration risk and enabling faster decision-making for operators considering entry into the market.

The Gambia’s investment proposition is further strengthened by its strategic location within the MSGBC Basin, one of the world’s most promising offshore hydrocarbon provinces. The basin has delivered world-class discoveries in neighboring countries, including Senegal’s Sangomar oilfield and the cross-border Greater Tortue Ahmeyim development shared by Senegal and Mauritania. Geological similarities across the basin underscore the potential for comparable discoveries in Gambian waters.

Beyond geology, regulatory reform is emerging as a key pillar of The Gambia’s upstream strategy. The government is in the process of finalizing a new Petroleum Exploration, Development & Production Bill aimed at enhancing transparency, efficiency and investor confidence. The legislation is expected to complement broader reforms to upstream regulations, aligning the country’s legal framework with international best practices and improving the overall operating environment for foreign investors. Against this backdrop, Jobe’s appointment becomes increasingly strategic, providing the experienced leadership required to translate The Gambia’s geological potential, growing data coverage and regulatory reforms into concrete exploration commitments and sustained upstream investment.

“Cany Jobe brings the right mix of technical expertise, international experience and strategic vision to position The Gambia as a competitive upstream destination. Her leadership will be instrumental in promoting the country’s acreage, engaging investors and ensuring that The Gambia fully capitalizes on its location in the MSGBC basin. This appointment demonstrates the government’s seriousness about attracting investment and building a world-class petroleum sector,” Ayuk states.

Distributed by APO Group on behalf of African Energy Chamber.

 

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Hainan FTP marks 6-month milestone of special customs operations, signs deals during Hong Kong visit

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Hong Kong

HONG KONG SAR – Media OutReach Newswire – 29 June 2026 – As the Hainan Free Trade Port (FTP) marked the six-month milestone since the launch of its full special customs operations, a Hainan provincial delegation wrapped up a three-day visit to Hong Kong. During the visit, the delegation signed deepened cooperation agreements with several major local chambers of commerce and promoted the latest policies introduced since the island-wide special customs operations took effect.

According to data released by Hainan Province during the visit, Hainan’s foreign trade has surged since the launch of special customs operations. As of June 17, the province’s total goods imports and exports reached RMB 173.98 billion (approximately US$24 billion), up 54.6% year on year. Imports of zero-tariff goods hit RMB 2.645 billion, a 120% jump that generated tariff savings of RMB 440 million. A total of 172,100 new market entities were registered—a 61% increase—including 1,240 foreign-invested enterprises. Zero-tariff items now account for 74% of all tariff lines, benefiting more than 12,000 market entities.

During the Hong Kong visit, China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) signed separate deepened cooperation MOUs with the Chinese General Chamber of Commerce, Hong Kong and the Hong Kong General Chamber of Commerce. Under the MOUs, the parties will establish a regular liaison mechanism for the periodic exchange of economic and trade information, and will promote collaboration in areas including professional services, green finance, the digital economy, supply chain management, and cultural tourism. Mutual enterprise service desks will be set up to provide consulting services regarding policies and projects. The parties will leverage their complementary strengths to help Chinese mainland enterprises access overseas markets via Hong Kong, while facilitating Hong Kong companies’ entry into the Chinese mainland through Hainan.

The delegation also held talks with the British Chamber of Commerce in Hong Kong and the American Chamber of Commerce in Hong Kong, exploring ways for British and American businesses to leverage Hainan’s value-added processing tariff exemptions and multifunctional free trade accounts to position themselves in regional supply chains and cross-border investment and financing. HSBC, De Beers, and other British firms are already active in Hainan, and the UK served as the Guest of Honor country at the 2025 China International Consumer Products Expo.

According to industry analysts, amid the shifting international trade landscape, Hainan is leveraging Hong Kong’s “super-connector” role to accelerate its integration with global capital and business networks, while simultaneously offering the Hong Kong business community a policy testing ground for entering the Chinese mainland market.

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Africa’s Grid Constraints Come into Focus as Regional Markets Push Toward Integration

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Africa

Regional power pools are advancing and renewable pipelines are growing, but the regulatory and financial architecture needed to connect them remains the continent’s most critical infrastructure gap – an issue central to the Power Africa Today conference at AEW 2026

CAPE TOWN, South Africa, June 25, 2026/APO Group/ –Africa’s electricity demand is projected to nearly double to 2,291 TWh by 2050, requiring an estimated $30 billion in transmission and grid infrastructure investment to unlock and integrate new generation capacity. Yet across the continent, grid systems are struggling to keep pace with rapidly expanding supply pipelines and rising demand.

In Nigeria, repeated nationwide grid collapses as recently as February 2026 underscore the fragility of aging transmission infrastructure. In East Africa, tower failures along the 428 km Loiyangalani-Suswa line temporarily stranded output from Lake Turkana Wind Power – Africa’s largest wind installation. Meanwhile, demand growth pressures are accelerating across North Africa, where electricity consumption is expected to rise by around 50% by 2035, driven by urbanization, desalination projects, and climate-related temperature increases.

Despite these constraints, generation investment continues to accelerate across Africa, particularly in renewables, gas-to-power and hybrid systems. However, without equivalent investment in transmission and interconnection, much of this new capacity risks being underutilized or stranded. This growing imbalance between generation and grid capacity is driving a sharper focus on system-wide planning and regional market design – issues that will be central to the newly launched Power Africa Today conference at African Energy Week 2026. The platform will bring together policymakers, utilities, investors and developers to explore how regional interconnection, cross-border trading frameworks and financing structures can better align generation growth with grid expansion.

Power Markets Experiment with Reform

Alongside infrastructure challenges, Africa’s electricity sector is undergoing gradual – but uneven – market reform. Most countries still operate vertically integrated systems dominated by state utilities, but a growing number are introducing competitive frameworks to attract private capital and improve efficiency.

Zimbabwe opened its electricity market to full private participation across generation, transmission and distribution in 2025, targeting $9 billion in new investment. South Africa is advancing one of the continent’s most ambitious grid expansion programs, with plans for 14,500 km of new transmission lines and 133,000 MVA of transformer capacity by 2034, alongside mechanisms designed to crowd in private financing. Kenya, meanwhile, has introduced open access regulations enabling independent power producers to wheel electricity directly to multiple off-takers, reshaping how generation assets interface with the grid.

Interconnected electricity markets are the foundation of Africa’s industrial future

Regional Integration Remains Fragmented

Efforts to connect Africa’s fragmented power systems are progressing, though at different speeds across regions. In Southern Africa, the World Bank’s RETRADE SAPP program, approved in 2025, is deploying $12 million to strengthen renewable integration and transmission capacity across 12 member states. In East Africa, the Ethiopia–Kenya–Tanzania Electricity Highway is now in trial operations at up to 2,000 MW, marking a significant step toward a more interconnected regional grid.

West Africa is also moving toward deeper integration, with permanent synchronization of the West Africa Power Pool expected in 2026. Analysts, including the African Finance Corporation, argue that such synchronization is critical to unlocking large-scale hydropower potential and industrial demand across the region. Longer term, full synchronization between the Eastern and Southern African power pools – targeted for the end of 2026 – could create one of the world’s largest cross-border electricity trading corridors.

Building Bankable Financial Architectures

While interconnection is advancing, infrastructure alone is not enough to create investable electricity markets. Investors consistently cite the lack of standardized offtake structures, creditworthy counterparties, and cross-border payment guarantees as key barriers to scaling capital deployment.

New models are emerging to address these constraints. Africa GreenCo, operating across Zambia, Namibia and South Africa, is helping to aggregate independent power producers under a single creditworthy intermediary, standardizing power purchase agreements and reducing counterparty risk. At a broader level, AUDA-NEPAD estimates that Africa requires around $30 billion in additional investment to complete priority transmission corridors and establish three fully interconnected regional trading blocs by 2030.

“Interconnected electricity markets are the foundation of Africa’s industrial future,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “The question at Africa Energy Week is not whether integration is possible – the evidence is already there. The question is which regulatory frameworks and financial structures will get projects to financial close, and which markets will be ready when capital is looking to move.”

The Power Africa Today conference will run alongside AEW 2026, taking place October 12–16 in Cape Town, and will focus on the regulatory, financial and infrastructural architecture needed to build interconnected electricity markets capable of attracting institutional capital and delivering reliable, cross-border power at scale.

Distributed by APO Group on behalf of African Energy Chamber.

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African Development Bank Group and La Francophonie Sign Partnership Agreement to Promote Youth Employment in Francophone Africa

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Remove term: African Development Bank African Development Bank

The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France

PARIS, France, June 25, 2026/APO Group/ –The African Development Bank Group (www.AfDB.org) and The International Organization of La Francophonie (OIF) on Wednesday entered a strategic partnership to strengthen digital skills, employability, and entrepreneurship of young people and women in five African countries: Benin, Cameroon, Guinea, the Democratic Republic of the Congo and Madagascar.

 

The agreement was signed during a meeting between the Secretary General of La Francophonie, Louise Mushikiwabo, and African Development Bank Group President, Dr Sidi Ould Tah in Paris, France. The agreement will address a major challenge faced by countries in the Francophone world and across Africa: providing young people with access to opportunities offered by the digital economy and fostering the emergence of a new generation of entrepreneurs.

The partnership calls for the implementation of training programs in digital professions and entrepreneurship, in fields such as web and mobile development, cybersecurity, artificial intelligence, and data analysis. Participants will also receive guidance toward employment and self-employment, as well as support for innovation and business creation, notably through training camps, prototyping activities, and partnerships with incubators and accelerators.

The African Development Bank Group and OIF will also work with national authorities in these five countries and training institutions to sustainably strengthen local capacities and promote ownership of the programs by national stakeholders. An initial pilot phase, lasting 12 to 24 months, will be rolled out in the five partner countries, followed by a gradual expansion to other member states depending on the results achieved.

The African Development Bank Group is pursuing a bold agenda based on “Four Cardinal Points” developed by Dr Ould Tah, the third of which is ‘Turning Demographics into a Dividend.’ This is about strategically converting Africa’s rapidly growing and youthful population into a decisive engine of inclusive growth, productivity, and innovation through large-scale investment in human capital—particularly youth and women.

 

It sees Africa’s growing young population not as a risk, but as a major asset. With the right policies and investments, this potential can create jobs, help small businesses grow, bring more informal businesses into the formal economy, and equip young people with the skills needed for the future. By investing more in education, science and technology, vocational training, entrepreneurship, finance, and digital tools, Africa can help its people drive economic transformation, stay competitive, and build lasting, resilient growth.

The OIF said the agreement marked the first concrete step in its initiative to mobilize innovative and additional funding for its most impactful projects.

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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